Statements concerning disbursement float

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Reference no: EM13811673

Which one of the following statements concerning disbursement float is correct?

A. Disbursement float is the period of time between a firm making a bank deposit and the funds from that deposit being available to the firm.

B. Disbursement float decreases when a check is delayed in the mail due to an extended holiday weekend.

C. Disbursement float causes the available balance to exceed the ledger balance.

D. Disbursement float is being totally eliminated by the Check Clearing Act for the 21st Century.

E. Disbursement float exists when the available balance is less than the book balance.

Reference no: EM13811673

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